Azizi Plaza is scheduled for completion by 2018, the developer said in a statement.

Farhad Azizi, CEO of Azizi Developments, said: “Azizi Plaza is another project in our line of ‘affordable luxury’ apartments that have been popular with investors and clients in the past. It has been earmarked as a good time for investment in real estate and we at Azizi Developments hope that investors would place Azizi Plaza at the top of their lists.”

Last month, Azizi Developments announced plans to build Azizi Shaista Residence in Al Furjan, adding to the company's portfolio of UAE-based projects valued at around AED7.3 billion.